Ibotta, Inc.

For the period ended Sep 30, 2025. Filed Nov 13, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2025 · Filed Nov 13, 2025

IBTA$58.11+0.4%Stored close · as of Nov 6, 2026

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Contents

Condensed Statements of Operations

(In thousands, except share and per share amounts)

	Three months ended September 30,		Nine months ended September 30,
	2025	2024	2025	2024
Revenue	$83,260	$98,621	$253,863	$268,874
Cost of revenue	17,142	12,172	52,159	34,970
Gross profit	66,118	86,449	201,704	233,904
Operating expenses:
Sales and marketing	26,629	27,761	85,296	105,908
Research and development	14,022	16,285	46,836	47,452
General and administrative	22,465	20,631	66,115	62,493
Depreciation and amortization	636	1,065	2,656	3,096
Total operating expenses	63,752	65,742	200,903	218,949
Income from operations	2,366	20,707	801	14,955
Interest income, net	2,510	4,436	8,831	5,303
Loss on debt extinguishment	—	—	—	(9,630)
Other income (expense), net	376	(16)	(29)	(3,132)
Income before provision for income taxes	5,252	25,127	9,603	7,496
Provision for income taxes	(3,719)	(7,888)	(5,025)	(14,926)
Net income (loss)	$1,533	$17,239	$4,578	$(7,430)
Net income (loss) per share:
Basic	$0.05	$0.56	$0.16	$(0.34)
Diluted	$0.05	$0.51	$0.15	$(0.34)
Weighted average common shares outstanding:
Basic	27,995,708	30,663,263	29,074,842	21,909,949
Diluted	29,376,837	33,567,489	30,999,527	21,909,949

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.